Connect with us

Don't Miss

Tron will soon be among the top 5 cryptos, here’s why

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

The coin market has observed a hike in the TRON value recently. At the moment the coin is enjoying the 14th position, and it looks like they are just getting better, and might just enter the top 5 coins list soon.

With the Testnet that was launched on March 31st, the project seems to be doing pretty well in the market. Ironically, when it was started, Justin Sun, the project lead was quite confident about the success of this project.

Over the last few weeks, excluding the very last week, the crypto market faced a downfall because of various reasons. One primary factor that brought about this fall is the social media ban against the crypto market. Most coins including Bitcoin faced the repercussions of this event. However, when the crypto market saw this fall, Tron strategically brought out the Testnet.

With such exciting news that came up, a lot of people started showing interest in Tron. By 31st May of this year, the project will turn fully functional, and Tron will be working towards a decentralized internet. Understandably, with this project coming into being, the coin will be attracting decentralized app developers as well.

The Tron team was also appreciated for the migration function that was tested recently. With this new system in place, it is possible for people to send content through the network. The transfer of content will happen person to person without any interferences. This is a feature that will give Tron a position in the entertainment industry as well as it rewards the ones who make content, and at the same time, it is made extremely easy to use for everyone.

Subsequently, the Project Genesis is a dream project and has the potential to attract many developers. Considering that, it seems like there will be serious competition between Tron and other companies like Ethereum that are doing really well. Tron’s project is highly rewarding, and the best part is that the rewards come in currency, which is sure to attract a lot of people towards it. The reward pool totals up to USD 2 billion, and also comes with an array of programs – which is a boost to the Tron community.

The platform is also gaining attention because of the centralized nature of the platform which gives control to its users to put up things, and take them down as well. This is an answer to all the issues that were brought up against the crypto market recently.

The company is also working towards making the platform efficient and user-friendly. Recently, they succeeded to debug the platform. This was quite promising to the customer as it pointed out to a hardworking team making sure that its customers can use the platform well.

To add on to all these new developments, Coinflip which is a provider of Bitcoin ATM has added TRX along with other coins, making it more accessible for its users from the United States to buy the coin from the ATM directly without much trouble.

With all of these developments, it looks like Tron will be seeing brighter days and will be one among the top in the market soon.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up for our free newsletter!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of fs999 via Flickr

Don't Miss

Using Blockchain with Benefits to Your Business: Simple Explanations

Published

on

blockchain
READ LATER - DOWNLOAD THIS POST AS PDF

Let’s talk about cryptocurrency today. Although people say either “yes” and “no” to the digital money, this technology can be used in almost any business field. So what’s the reality? Can a business obtain any financial profit and benefit from using blockchain technology in its operations? Let us get all this straightened out.

Why Blockchain Is Beneficial for Business

Key advantages of blockchain technology are transparency and safety. The actions of all system participants are clear, this prevents the falsification of information and its leakage. Due to the fact that there is no single data center, the data cannot be deleted, for example, during a hacker attack. Thus, any blockchain development company can benefit a lot.

What is more, blockchain is beneficial for companies as a mean of simplifying and cutting costs for many business processes. Potentially, this technology is capable of eliminating many intermediaries during transactions or any other business operations. So it’s not surprising that the technology has quickly become popular with firms working in different industries around the globe.

According to the analyst firm Transparency Market Research, the industry will reach up to $20 billion by 2024, showing an annual growth of over 59%. The next big step towards the development of the technology is to assign a legal significance at the state level for it. This will expand all the scales and limits of the technology.

Continue Reading

Don't Miss

Elon Musk hits the world of cryptocurrency

Published

on

Cryptocurrency
READ LATER - DOWNLOAD THIS POST AS PDF

Yesterday, the world woke up to the shocking news that Elon Musk has made a conscious decision to enter into the cryptocurrency world with his startup organization, The Boring Company that now accepts Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

The Boring Company Brief History

Sometime back in mid-2016, Elon Musk revealed his intentions of taking his latest business idea underground. The young serial entrepreneur who also happens to be the CEO of SpaceX and Tesla revealed his plans in April 2016 for the Boring Company, a business venture that focuses on exploring ways to cut tunneling costs with the intention to alleviate traffic overcrowding on roadways and freeways.

The Boring company was founded in 2016 and is guided by the mission to work tirelessly to eradicate traffic jams by constructing a web of underground tunnels that are meant to facilitate a new way to move from one location to another quickly. With the construction of its first test tunnel in LA, Elon decided to trade a line of unique products that include hats and the now well-known Not-A-Flamethrower, a line of businesses to promote the project.

You can now buy the company’s unfamiliar fire-related products using the four leading virtual currencies in the market, in addition to the traditional modes of payment. The Boring Company also selected Coinbase Commerce to be their payment processor for their virtual currencies transactions.

At the time of writing, the flamethrower is exchanging at…

Continue Reading

Don't Miss

Ripple’s David Schwartz: ‘The XRP ledger is decentralized’

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

Ripple is a controversial project in the crypto verse. It’s designed to make banks more efficient and profitable when it comes to settling international payments, which is opposite to the whole crypto-coin idea: to get rid of all fiat currencies and the world’s financial system.

But Ripple is successful in this regard anyway. They are bringing in more partners every week, and the XRP token is about to take over Ethereum as the world’s second-biggest in market capitalization.

Despite all that success, Ripple remains controversial (some observers would say unpopular) among crypto enthusiasts. Why? Because this is a coin that was pre-mined in full before it came live. Naturally, the owners of the coins are the people who did the mining, which, in this case, is none other than Ripple Labs.

Ripple owns more than half of the world’s supply of XRP (their native token). They have gone out of their way to ensure everybody that they are not going to try to control the coin’s supply to manipulate prices.

Ripple placed most of its tokens in an Escrow smart contract that drops a billion coins into the market every month. This ensures that supply can’t possibly be short. At the same time, they’ve kept recruiting new partners that will use XRP to settle international payments so that demand is also relevant.

But this is the cryptosphere so; a central question is still this: if Ripple owns so much…

Continue Reading

Elite